Company Overview and Strategy - Commerce's vision is to power an open, intelligent ecosystem for next-generation commerce[10] - The company aims to empower businesses to innovate and grow through an AI-driven commerce ecosystem[11] - Commerce is transitioning into the agentic era, unifying data, platform, and content needs for an AI future[18] Financial Performance - As of June 30, 2025, Commerce has an ARR (Annual Recurring Revenue) of $355 million[21] - Enterprise ARR constitutes 76% of the total ARR[21] - The Non-GAAP Gross Margin for 2Q25 is 80%[22] - Non-GAAP Operating Income improved from a loss of $14 million in 2Q22 to an income of $5 million in 2Q25[23] - Operating Cash Flow increased from a loss of $14 million in 2Q22 to a positive $14 million in 2Q25[24] B2B and B2C Solutions - B2B customers can achieve over $20 million in additional net revenue per year per 100 unique customers[47] - B2C customers experience a 619% average checkout conversion rate[52]